Shenzhen Tianyuan Dic Information Technology Co.Ltd(300047)
audit report
Dhsz [2022] 005618
Dahua Certified Public Accountants (special general partnership)
Da Hua Certified PublicAccountants（Special General Partnership）
Shenzhen Tianyuan Dic Information Technology Co.Ltd(300047)
Audit report and financial statements
(from January 1, 2021 to December 31, 2021)
Contents page 1. Audit report 1-6 II. Audited financial statements
Consolidated balance sheet 1-2 consolidated income statement 3 consolidated cash flow statement 4 consolidated statement of changes in shareholders' equity 5-6 parent company balance sheet 7-8 parent company income statement 9 parent company cash flow Table 10 statement of changes in shareholders' equity of parent company 11-12 notes to financial statements 1-136
Audit report
Dhsz [2022] 005618 Shenzhen Tianyuan Dic Information Technology Co.Ltd(300047) all shareholders:
1、 Audit opinion
We have audited the financial statements of Shenzhen Tianyuan Dic Information Technology Co.Ltd(300047) (hereinafter referred to as Shenzhen Tianyuan Dic Information Technology Co.Ltd(300047) ), including the consolidated and parent company's balance sheet on December 31, 2021, the consolidated and parent company's income statement, consolidated and parent company's cash flow statement, consolidated and parent company's statement of changes in shareholders' equity and notes to relevant financial statements from January to December, 2021.
In our opinion, the attached financial statements are prepared in accordance with the provisions of the accounting standards for business enterprises in all material aspects, and fairly reflect the financial position of Shenzhen Tianyuan Dic Information Technology Co.Ltd(300047) December 31, 2021 and the operating results and cash flow of Shenzhen Tianyuan Dic Information Technology Co.Ltd(300047) from January to December 2021.
2、 Basis for forming audit opinions
We conducted our audit in accordance with the auditing standards for Chinese certified public accountants. The "responsibilities of certified public accountants for the audit of financial statements" in the audit report further expounds our responsibilities under these standards. In accordance with the code of professional ethics for Chinese certified public accountants, we are independent of Shenzhen Tianyuan Dic Information Technology Co.Ltd(300047) , and have fulfilled other responsibilities in terms of professional ethics. We believe that the audit evidence we have obtained is sufficient and appropriate, which provides a basis for our audit opinion.
3、 Key audit matters
The key audit matters are the most important matters that we consider to audit the current financial statements according to our professional judgment. The response to these matters is based on the overall audit of the financial statements and the formation of audit opinions. We will not express separate opinions on these matters.
We confirm that the following matters are the key audit matters that need to be communicated in the audit report.
Dhsz [2022] 005618 audit report
1. Recognition of operating income
2. Goodwill impairment
（1） Recognition of operating income
1. Event description
For details of accounting policies for revenue recognition and analysis of revenue, please refer to the accounting policies described in note (33) of "IV. important accounting policies and accounting estimates" in the notes to the consolidated financial statements and note 39 of "VI. notes to main items of the consolidated financial statements".
In 2021, Shenzhen Tianyuan Dic Information Technology Co.Ltd(300047) consolidated operating revenue amounted to 561422354961 yuan, an increase of 6.85% over the previous period.
As operating revenue is one of the company's key performance indicators, and there is an inherent risk that the revenue recognition time point may be manipulated to achieve specific goals or expectations, we recognize the recognition of operating revenue as a key audit matter.
2. Audit response
Our important audit procedures for the recognition of operating revenue include:
(1) Understand, evaluate and test the design and operation effectiveness of key internal controls related to revenue recognition;
(2) Select samples to check the sales contract, identify the contract terms and conditions related to the transfer of control of goods, and evaluate whether the time point of revenue recognition meets the requirements of accounting standards for business enterprises; (3) Analyze the income and gross profit in combination with the product type to judge whether there is abnormal fluctuation in the amount of income in the current period;
(4) Select a sample of revenue transactions recorded this year, check the sales contract and ask the management, conduct a "five step" analysis of the contract, judge the composition of performance obligations and the time point of control transfer, and then evaluate whether the revenue recognition policy meets the requirements of the new revenue standard;
(5) Select a sample of revenue transactions recorded before and after the balance sheet date, and check the delivery order and other supporting documents to evaluate whether the revenue is recorded in the appropriate accounting period;
Dhsz [2022] 005618 audit report
(6) For the technical service income that meets the performance within a period of time, sample and calculate the revenue recognition amount, and analyze whether it has been accurately recognized according to the contract performance progress;
(7) Perform confirmation procedures and alternative tests.
（2） Goodwill impairment
1. Event description
For details of accounting policies for goodwill impairment, please refer to the accounting policies described in note (XXVI) of "IV. important accounting policies and accounting estimates" in the notes to the consolidated financial statements and note 18 of "VI. notes to main items of the consolidated financial statements".
As of December 31, 2021, Shenzhen Tianyuan Dic Information Technology Co.Ltd(300047) goodwill amount is 65501993115 yuan and goodwill impairment provision amount is 440001791 yuan.
Since the Shenzhen Tianyuan Dic Information Technology Co.Ltd(300047) management involved complex and significant judgments in the impairment test of relevant asset groups or asset group combinations containing goodwill, we recognized the impairment of goodwill as a key audit event.
2. Audit response
Our important audit procedures for goodwill impairment include:
(1) Assess the appropriateness of impairment test methods;
(2) Understand, evaluate and test the design and implementation effectiveness of internal control system related to goodwill;
(3) Evaluate the rationality of key assumptions and judgments adopted in the impairment test of the management by comparing key parameters, including predicted revenue, long-term average growth rate and profit margin, with the past performance of relevant subsidiaries, financial budget approved by the board of directors, recent business opportunity report, Industry Research Report and industry statistics;
(4) Review the calculation accuracy of goodwill impairment test model;
(5) Using the work of valuation experts and based on the requirements of accounting standards for business enterprises, evaluate the methods and assumptions used in Shenzhen Tianyuan Dic Information Technology Co.Ltd(300047) predicting the present value of future cash flow.
Dhsz [2022] 005618 audit report
4、 Other information
Shenzhen Tianyuan Dic Information Technology Co.Ltd(300047) management is responsible for other information. Other information includes the information covered in the 2021 annual report, but does not include the financial statements and our audit report.
Our audit opinion on the financial statements does not cover other information, and we will not issue any form of assurance conclusion on other information.
In combination with our audit of the financial statements, our responsibility is to read other information and consider whether other information is materially inconsistent with the financial statements or the information we understand in the audit process, or there seems to be material misstatement.
Based on the work we have performed, if we determine that there is a material misstatement in other information, we should report that fact. In this regard, we have nothing to report.
5、 Responsibilities of management and governance for financial statements
Shenzhen Tianyuan Dic Information Technology Co.Ltd(300047) the management is responsible for preparing the financial statements in accordance with the accounting standards for business enterprises to achieve a fair reflection, and designing, implementing and maintaining necessary internal control so that the financial statements are free from material misstatement due to fraud or error.
When preparing the financial statements, Shenzhen Tianyuan Dic Information Technology Co.Ltd(300047) the management is responsible for assessing Shenzhen Tianyuan Dic Information Technology Co.Ltd(300047) 's ability to continue as a going concern, disclosing matters related to going concern (if applicable), and applying the assumption of going concern, unless the management plans to liquidate Shenzhen Tianyuan Dic Information Technology Co.Ltd(300047) , terminate the operation or has no other realistic choice. The management is responsible for supervising the financial reporting process of Shenzhen Tianyuan Dic Information Technology Co.Ltd(300047) .
6、 Responsibilities of certified public accountants for the audit of financial statements
Our goal is to obtain reasonable assurance on whether the financial statements as a whole are free from material misstatement due to fraud or error, and issue an audit report containing audit opinions. Reasonable assurance is a high-level assurance, but it does not guarantee that the audit performed in accordance with the audit standards will always be found when a major misstatement exists. Misstatement may be caused by fraud or error. If it is reasonably expected that the misstatement alone or in summary may affect the economic decisions made by the users of the financial statements based on the financial statements, the misstatement is generally considered to be significant.
Dhsz [2022] 005618 audit report
In the process of carrying out the audit work in accordance with the audit standards, we use professional judgment and maintain professional doubt. At the same time, we also carry out the following work:
1. Identify and assess the risks of material misstatement of financial statements due to fraud or error, design and implement audit procedures to deal with these risks, and obtain sufficient and appropriate audit evidence as the basis for issuing audit opinions. Since fraud may involve collusion, forgery, intentional omission, misrepresentation or override of internal control, the risk of failing to find major misstatement caused by fraud is higher than that caused by error.
2. Understand the internal control related to audit to design appropriate audit procedures.
3. Evaluate the appropriateness of accounting policies selected by the management and the rationality of accounting estimates and related disclosures.
4. Draw a conclusion on the appropriateness of the going concern assumption used by the management. At the same time, according to the audit evidence obtained, draw a conclusion on whether there are major uncertainties in the matters or circumstances that may lead to major doubts about Shenzhen Tianyuan Dic Information Technology Co.Ltd(300047) sustainable operation ability. If we conclude that there are significant uncertainties, the auditing standards require us to draw the attention of report users to the relevant disclosures in the financial statements in the audit report; If the disclosure is insufficient, we should express a non unqualified opinion. Our conclusions are based on the information available as of the date of the audit report. However, future events or circumstances may cause Shenzhen Tianyuan Dic Information Technology Co.Ltd(300047) unable to continue its business.
5. Evaluate the overall presentation, structure and content of the financial statements, and evaluate whether the financial statements fairly reflect relevant transactions and events.
6. Obtain sufficient and appropriate audit evidence on the financial information of entities or business activities in Shenzhen Tianyuan Dic Information Technology Co.Ltd(300047) to express an opinion on the financial statements. We are responsible for guiding, supervising and executing the group audit. We are fully responsible for the audit opinion.
We communicated with the management on the planned audit scope, schedule and major audit findings, including the internal control deficiencies that we identified in the audit
Dhsz [2022] 005618 audit report
Sink.
We also provide a statement to the management that we have complied with the professional ethics requirements related to independence, and communicate with the management all relationships and other matters that may reasonably be considered to affect our independence, as well as relevant preventive measures (if applicable).
From the matters communicated with the management, we determine which matters are the most important for the audit of the current financial statements, thus constituting key audit matters. We describe these matters in the audit report, unless laws and regulations prohibit the public disclosure of these matters, or in rare cases, if the negative consequences of communicating a matter in the audit report are reasonably expected to exceed the benefits in the public interest, we determine that we should not communicate the matter in the audit report. Dahua Certified Public Accountants (special general partnership) Chinese certified public accountant:
(project partner) Zhou Junxiang, Beijing, China Certified Public Accountant:
Yan Yan Zhang
